Jump Financial LLC Buys 20,581 Shares of The Lovesac Company (NASDAQ:LOVE)

Jump Financial LLC raised its stake in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 103.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,381 shares of the company's stock after purchasing an additional 20,581 shares during the quarter. Jump Financial LLC owned 0.26% of Lovesac worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Senvest Management LLC lifted its holdings in Lovesac by 17.4% during the 4th quarter. Senvest Management LLC now owns 1,106,767 shares of the company's stock valued at $26,186,000 after purchasing an additional 163,745 shares during the last quarter. Barclays PLC grew its position in Lovesac by 10.6% during the 4th quarter. Barclays PLC now owns 22,472 shares of the company's stock worth $531,000 after acquiring an additional 2,160 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Lovesac by 24.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,823 shares of the company's stock valued at $232,000 after purchasing an additional 1,950 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in Lovesac by 603.9% in the fourth quarter. Landscape Capital Management L.L.C. now owns 84,867 shares of the company's stock worth $2,008,000 after purchasing an additional 72,810 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in Lovesac by 122.9% in the fourth quarter. Trexquant Investment LP now owns 43,747 shares of the company's stock worth $1,035,000 after purchasing an additional 24,121 shares in the last quarter. 91.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LOVE has been the topic of a number of research reports. Oppenheimer reiterated an "outperform" rating and set a $35.00 target price on shares of Lovesac in a research report on Friday, April 11th. Roth Mkm upped their price objective on Lovesac from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, April 11th. DA Davidson lowered their target price on Lovesac from $35.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Canaccord Genuity Group cut their price target on Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $31.67.

Lovesac Stock Up 1.6 %

NASDAQ LOVE traded up $0.32 on Thursday, reaching $20.95. The company had a trading volume of 514,577 shares, compared to its average volume of 372,829. The Lovesac Company has a 52 week low of $12.12 and a 52 week high of $39.49. The stock has a market cap of $309.93 million, a price-to-earnings ratio of 61.62, a PEG ratio of 0.65 and a beta of 3.08. The stock's 50 day moving average is $18.41 and its 200-day moving average is $24.94.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its earnings results on Thursday, April 10th. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.33. The business had revenue of $241.50 million during the quarter, compared to analysts' expectations of $230.33 million. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. Lovesac's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 EPS. As a group, analysts forecast that The Lovesac Company will post 0.39 EPS for the current year.

Lovesac Profile

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.